Skip to content

Ask the Tutor ACCA LW

Statement of Circumstances

IIlham4y ago
Are auditors of all companies required to deposit statement of circumstances listing any matters that needs to be brought to the attention of the members and creditors or is it just for non-quoted and private companies and for quoted companies the statement of circumstances only lists the circumstances around their departure?
MikeLittleMikeLittleTutor4y ago#1
Private companies would only in unusual situations have auditors. Non-quoted companies may be private (and therefore not eligible to be quoted) or public Your question asks about the requirement for a statement of circumstances or (if applicable) a statement that there are no such circumstances that the auditor feels should be brought to the attention of members and / or creditors This / these statements are required whenever an auditor resigns from office or chooses not to seek re-election having been the auditor Is that OK?
Sign into reply to this topic.